Subtotal 7,327,286 10,819,552 57,670 18,204,507. Excess unrestricted revenues/(expenditures) from PMA Budget (3,527,181) (3,527,181)

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1 Presbyterian Mission Program Fund UNRESTRICTED UNDESIGNATED DESIGNATED PROGRAMMATIC COMBINED FUNDS FUNDS LOAN FUND TOTAL as of January 1, ,621,323 11,791, ,937 18,959,861 Market Value Adjustment in Investments 463, ,562 Net increase (decrease) in loans/receivables 489,267 (489,267) Allocation (1,801,583) 1,801,583 - Use of allocations (1,218,916) (1,218,916) Unused allocations restored 1,554,716 (1,554,716) - Increase (Decrease) YTD 705,963 (972,049) (489,267) (755,354) Subtotal 7,327,286 10,819,552 57,670 18,204,507 Excess unrestricted revenues/(expenditures) from PMA Budget (3,527,181) (3,527,181) $ 7,327,286 $ 7,292,371 $ 57,670 $ 14,677,326 Reserve Requirement December 31, 2015 December 31, 2014 Unrestricted Receipts 13,349,636 14,382,267 Directed Mission Support Receipts 4,171,398 3,706,023 Total 17,521,034 18,088,290 30% Reserve Requirement 5,256,310 5,426,487 Amount Over/(Under) Required Reserve 2,070,976 1,194,836 Capital Reserve Fund BOARD DESIGNATED SUMMARY INVESTMENTS COMMITMENTS COMBINED TOTAL as of January 1, ,693,207 (882,655) 1,810,552 Earnings/(loss) (23,309) (23,309) Replacement reserve 909, ,816 New allocations (727,590) (727,590) Use of allocations (1,808,466) 1,808,466 - Cancellation of allocation 381, ,195 Administration expenses (40,045) (40,045) Increase (Decrease) YTD (921,959) 1,422, ,067 $ 1,771,249 $ 539,371 $ 2,310, Projected Income Projected Allocations 1 (597,320) (597,320) 2016 Projected Income 930, , Projected Allocations 2 (1,094,500) (1,094,500) Projected as of December 31, 2016 $ 2,701,249 $ (1,152,449) $ 1,548,800 1 Camera System Upgrade-25,000; Carpet Tiles-40,000; Furniture Replacement-50,400; Relamping-20,000; Desk Chair Replacement-221,000; Restroom Remodel-150,000; Copier Replacement-85,000; Streamfeeder-5,920; 597,320 Unused Allocations 2 Cooling Tower Replacement-250,000; Elevator Modernization-135,000; Energy Management System Upgrade-200,000; Furniture Replacement-280,000; Kitchen Remodel-30,000; Relamping-20,000; Chapel Floor Repair.Refinish-15,000; Restroom Remodel-110,000; Roof Flashing Repair and Coating-6,000; Roof Flashing Repair and Coating-3,500; Copier Replacement-20,000; Electric Pallet Jack- 5,000; VMWare Server Upgrade-20,000; Page 1

2 Presbyterian Mission Program Fund Funds Committed for Special Projects Board Actions Original Designation 1/1/15 Designated Payments Restored 12/31/15 1 of allocations of $1,093,000 (4/03), $814,210 (2/04), $150,000 (12/04), and reallocations (9/06), (2/08), (10/08), (5/10), & (2/12) to support the Independent Abuse Review Panel 116,574 68,023 68,023 2 Sales of Resources 133,206 (54,883) 78,323 3 Allocation (5/12) to balance the 2014 Mission Budget (9/12), (4/13), (4/14), (9/14) 4,014, ,552 (505,552) New Initiatives Allocation (4/13) 1,000, ,395 (176,395) - 5 DREAM Fund (4/14) (Replaces Mission Partnerships for Synods) 500, ,000 (141,665) 358,335 6 Allocation (4/14) to balance the 2015 Mission Budget, (9/14), (4/15) 3,971,994 3,971, ,592 (3,527,181) 1,434,405 7 Allocation (4/14) to balance the 2016 Mission Budget, (9/14), (4/15) 3,936,432 3,936, ,991 (549,164) 4,199,259 8 World Mission - Contingency Expenses (4/14), (4/15) 1,000,000 1,000,000 (500,000) 500,000 9 Ghost Ranch Capital Expenditures (9/14) 1,500,000 1,500,000 (845,974) 654, TOTAL 11,791,601 1,801,583 (4,746,097) (1,554,716) 7,292,370 Page 2

3 Sales of Resources 1/1/15 Additions (Payments) Budgeted 12/31/15 Senior Director Funds Development Funds Development 3,968 (3,968) - Total 3,968 - (3,968) - - Senior Director Communications Mission Resources 24,161 (24,161) 24,161 - (24,161) - - Deputy Executive Director - Mission Mission 100,152 (24,313) 75,840 Social Witness Policy 4,925 (2,442) 2,483 Research Services Total 105,077 - (26,755) - 78,323 TOTAL 133,206 - (54,883) - 78,323 Page 3

4 Programmatic Loan Fund RECEIVABLE Increase 1/1/15 (Decrease) 12/31/15 Receivable from Congregational Ministries Publishing 546,937 (489,267) 57,670 TOTAL PRESBYTERIAN MISSION PROGRAM FUND 546,937 (489,267) 57,670 OTHER RECEIVABLES Ghost Ranch Conference Center (Abiquiu and Santa Fe) 2,881,146 (92,202) 2,788,944 Stony Point Center 1,995,736 8,833 2,004,569 TOTAL OTHER RECEIVABLES 4,876,882 (83,369) 4,793,513 Operating Income (Loss) - December 31, 2015 Curriculum - English - Curriculum - Language (300,458) Stony Point (245,417) Ghost Ranch (610,236) Page 4

5 Self Insurance Fund YTD 2015 YTD 2014 Beginning 6,219,583 6,010,024 Revenues: Income from investments 67,375 58,666 Unrealized gain (loss) (196,319) 328,959 Total Revenues (128,944) 387,625 Expenditures: Foundation investment fees (255) (222) Shared Services management fees (10,000) (10,000) Risk Management recoveries (56,285) (70,536) Insurance claims paid (208,071) (97,308) Total Expenditures (274,611) (178,066) Funds Available 5,816,027 6,219,583 Page 5